PETALING JAYA: Shares in Globetronics Technology Bhd fell 6.1% after the semiconductor-based product manufacturer reported a 64% plunge in earnings for the second quarter ended June 30, 2016.
This also followed Maybank Investment Bank Bhd’s (MaybankIB) downgrade of its recommendation on Globetronics to “sell”, with a lower target price, on poor earnings visibility.
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